Schneider National (NYSE:SNDR) Coverage Initiated at Citigroup

Investment analysts at Citigroup started coverage on shares of Schneider National (NYSE:SNDR) in a research report issued on Wednesday, MarketBeat Ratings reports. The firm set a “neutral” rating and a $29.00 price target on the stock. Citigroup’s price target suggests a potential upside of 7.21% from the company’s current price.

Several other research firms have also commented on SNDR. Bank of America lowered shares of Schneider National from a “neutral” rating to an “underperform” rating and set a $23.00 price target on the stock. in a report on Monday, July 22nd. UBS Group increased their target price on shares of Schneider National from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. JPMorgan Chase & Co. increased their target price on shares of Schneider National from $24.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Evercore ISI lowered their target price on shares of Schneider National from $28.00 to $27.00 and set an “in-line” rating on the stock in a research note on Thursday, October 3rd. Finally, Stifel Nicolaus lowered shares of Schneider National from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $27.08.

Schneider National Price Performance

NYSE:SNDR opened at $27.05 on Wednesday. Schneider National has a one year low of $20.50 and a one year high of $29.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.59. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 41.62, a PEG ratio of 2.51 and a beta of 0.85. The firm’s fifty day moving average is $27.34 and its two-hundred day moving average is $24.38.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the company earned $0.45 earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. Research analysts expect that Schneider National will post 0.85 EPS for the current year.

Insider Buying and Selling at Schneider National

In other Schneider National news, insider Shaleen Devgun sold 10,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $27.60, for a total value of $276,000.00. Following the completion of the sale, the insider now owns 55,726 shares in the company, valued at approximately $1,538,037.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 32.68% of the stock is owned by insiders.

Institutional Trading of Schneider National

A number of hedge funds have recently bought and sold shares of the business. Deprince Race & Zollo Inc. acquired a new stake in shares of Schneider National during the 2nd quarter worth approximately $30,072,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Schneider National during the 2nd quarter worth approximately $15,216,000. Encompass Capital Advisors LLC acquired a new stake in shares of Schneider National during the 2nd quarter worth approximately $12,376,000. Earnest Partners LLC increased its holdings in shares of Schneider National by 25.5% during the 2nd quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock worth $52,334,000 after buying an additional 440,545 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Schneider National by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company’s stock worth $91,964,000 after buying an additional 388,913 shares during the last quarter. Institutional investors and hedge funds own 28.54% of the company’s stock.

Schneider National Company Profile

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed trailers across either network or dedicated configurations.